BROS CLUSTER SEC Filing Analysis

Latest settled — T+5d

BROS ▼ -5.72% at T+5d

NEUTRAL call ✗ call lost -5.72% · α vs SPY -2.97% · entry $58.89 → $55.52

Next anchor: T+20d in 8d

Last close $70.72 (close Jun 18) · +20.09% from $58.89 entry

Entry anchored
May 29, 03:59 PM ET
via Databento tick

T+1d

-1.75%

call -1.75% · α -1.90%

$57.86

settled 20d ago

T+5d

-5.72%

call -5.72% · α -2.97%

$55.52

settled 16d ago

T+20d

—

call — · α —

—

in 8d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Dutch Bros insiders, including Executive Chairman Travis Boersma and affiliated entities, sold $30.63M in open-market shares over two days (May 27-28, 2026) at ~$56.16-$56.21. The sales represent 0.31% of the $9.9B market cap, falling in the 'modest' proportionality band. Given the cluster involves C-suite/10% owners but lacks a clear catalyst or cross-filing context (no earnings, offering, or late filing), the signal is neutral — insider sales are weakly predictive and likely liquidity-driven.

Key Financial Metrics

Direction

selling

Total Value

$30.6M

Insiders

3

Actionable Insight

The cluster is modest in size relative to market cap and lacks a proximate catalyst. Insider sales are weakly predictive; treat as routine portfolio diversification. Monitor for any subsequent 8-K or earnings release that could explain the timing, but no immediate action warranted.

Key Facts

Executive Chairman Travis Boersma sold 488,945 shares for ~$27.48M on May 27-28, 2026.
DM Trust Aggregator, LLC sold 488,945 shares for ~$27.48M on the same dates.
DM Individual Aggregator, LLC sold 261,054 shares for ~$14.67M on the same dates.
Total cluster value: $30.63M, representing 0.31% of BROS's $9.9B market cap.
No recent earnings, offering, late filing, or other cross-filing context to suggest informational motive.

Financial Impact

Insiders sold $30.63M in open-market transactions, 0.31% of market cap.

insider ownershipfloat

Risk Factors

If additional insider sales emerge at higher volumes (>0.5% of market cap), sentiment could shift bearish.
No cross-filing context — the sales may be pre-planned 10b5-1 trades, which are non-informative.

Market Snapshot

Exchange

NYSE

Sector

Retail-Eating & Drinking Places

Analyst Consensus

94% bullish (31 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-BROS-1780087803711

4 reports for BROS

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for BROS — sortable, filterable
	Type				Now
Jun 12, 2026 8d ago	Insider Cluster BEARISH ★ 6/10	$65.89 $66.51	▼ −0.94%	▲ +0.82%	$70.72 (−7.33%)
Jun 11, 2026 9d ago	Institutional Cluster BULLISH ★ 5/10	$65.03 $65.89	▲ +1.32%	▲ +0.78%	$70.72 (+8.75%)
May 29, 2026 22d ago	Insider Cluster NEUTRAL ★ 4/10	$58.89 $57.86	▼ −1.75%	▼ −1.90%	$70.72 (+20.09%)
May 15, 2026 5w ago	3 NEUTRAL ★ 2/10	$51.01 $52.74	▲ +3.39%	▲ +3.45%	$70.72 (+38.64%)

US Market Status

Market Closed — Opens Mon (29h 34m)

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